Mortgage Calculator
Monthly home payment and total interest.
Monthly payment (principal & interest)
1,438.92
Loan amount
240,000
Total interest
278,011.65
Total paid
518,011.65
Optional: sends these inputs and this result to AI. Avoid confidential or sensitive information.
About Mortgage Calculator
Subtracts the down payment from the home price to get the loan, then applies the standard amortization formula with monthly compounding to find the fixed monthly principal-and-interest payment.
Important considerations
Excludes property tax, home insurance, PMI, HOA fees and closing costs, which can add significantly to the real monthly cost. Not financial advice.
Want to understand the math?
Read our plain-language guide: How Mortgage Payments Are Calculated